Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Cuddo, nobody with an IQ larger than their shoesize believes for one second that you've "bought up ££££ hundreds of thousands of pounds worth of ANGS shares".
The clever money is firmly on your being a short-term day trader who's invested a couple of grand, hoping for a quick marginal gain, but who got his timing badly wrong and is now frantically looking for an exit, leaving some other gormless holding the parcel bomb.
Nobody but nobody with the dearth of intellect you continually exhibit is ever going to have access to ten grand, let alone a six figure number. But hey, keep trying.
Mirasol, I agree , the nationalised British Gas had 'strategic storage' designed to keep us supplied in a 1 in 50 duration cold winter but that was whittled away as Ofgem decided consumers should not have to pay for that luxury and market forces would work in their favour. Great in theory until the lng tankers destined for IOG get diverted to other countries paying more than ourselves. But the good news is that consumers are paying billions for the ironically named smart meters that will be useless whe nwe switch to blended hydrogen in a few years time or even more useless when Putin turns off the european supplies. Saltfleetby will have its day in the sun again it seems.
The appalling lack of foresight on gas storage goes back 50 years
Neither the Govt nor industry could agree on who should pay for it so nothing was done
IIRC Portland Gas had a great scheme in S England but no-one would pay a few tenths of pence per therm to build it
The UK has slashed its strategic gas storage to barely 1.7pc of annual demand by closing the Rough facility off the Yorkshire coast, subcontracting the costly task of storage to Germany and the Netherlands. Clive Moffatt, a gas consultant and former adviser to the Government on energy security, said: “It should be nearer 25pc
Really telling.
Some derampers full of $ hit e..... haven't you got anything better to do????
Some demranpers full of $ hit e..... haven't you got anything better to do????
Not sure they could be described as “non investors” and definitely not a “cabal” Ocelot!
As I recall they were anything but secretive! Who knows if Angus stumble completely by accident (with gas prices beyond their wildest dreams) into actually making any money the lawyers may get interested again??
Nothing fantasist about the Angus action group, WG818. The group may have abandoned its original pretensions, but some of its former members are still around (and others have moved on).
Ocelot, perhaps it only exists in a fantasists mind?
Doesn't matter - ANGS have sold a lot of their production forward at low early 2021 prices - they won't see much of a kick - tho the buyers will probably buy the BoD a decent lunch
Perhaps the cabal isn't a very good one, WG818.
Cudd
“The notorious cabal” you really should look meanings of words before posting to try and impress with your command of English…..They are a well known secret then!! …..Lmfao …your making yourself look even more ridiculous than you have done already!!
WSG you are certainly not invested! You’re a sad git trolling the ANGS board day & night. But I like you so keep checking in babes x
Who says I’m not invested?
I can only guess that the likes are more from those who sore though you’re I’m buying in posts than anything else.
I’m afraid we have all seen that type of guff far to often to believe it.
How are you so quick in response when you’re not invested?! And the amount of likes on your post too lol. I love this. Imagine when the SP starts to move north with news, this is going to doubly fly. I’ve seen it before & I’ll see it again here, with all this ridiculously passionate deramping on here it can only go one way very quickly when it turns. Booms & rockets at the ready IMO
Remind me again how much Gas Angus produce Bunsen?…….or oil for that matter.
Every man and his dog will be looking to get production up.
Angus have missed this winter and I’m sure the partners and those that would have made fortunes on the hedge won’t forget It when it comes to the time overruns and the costs involved when they can’t pay the loans back in due course?
Gas shortage isn’t just this winter guys...
British manufacturing leaders fear an industrial collapse over the winter as spiralling gas and electricity prices overwhelm the country’s energy defences.
Wafer-thin gas reserves have left the British economy almost uniquely vulnerable to an extreme global supply squeeze, and dangerously reliant on cross-Channel interconnectors that may be curtailed if Europe itself faces power blackouts and serious industrial stoppages.
Andrew Large, the outgoing chairman of the Energy Intensive Users Group, said: “It is potentially catastrophic. We’re already seeing plant closures at a time of year when the weather is still warm and domestic heating is low. Fast forward two months and this could be an acute crisis.
“CF Fertilizers have already stopped output and they account for 40pc to 60pc of the UK supply, which could have disastrous effects on the supply chain. The steel, cement, ceramics, glass, industrial chemicals, and the paper sector are all at risk. Individual companies are facing the very serious question of whether they can continue to operate.”
Gas futures contracts on the ICE exchange have risen fourfold over the last year to 165 pence per therm, while intraday electricity prices have become unhinged. Last week the National Grid was having to pay £4,000 per megawatt hour to secure back-up electricity at short notice.
Gas price surge
Line chart with 254 data points.
UK gas futures have risen to a record high
View as data table, Gas price surge
The chart has 1 X axis displaying Time. Range: 2020-09-11 08:24:00 to 2021-09-18 15:36:00.
The chart has 1 Y axis displaying
Pence per therm
. Range: 0 to 200.
Jan '21
May '21
Sep '21
0
50
100
150
200
SOURCE: Bloomberg
Gas price surge
UK gas futures have risen to a record high
Pence per therm
End of interactive chart.
The cost squeeze threatens to abort the economic recovery just as the furlough scheme winds down and fiscal stimulus fades. In a worst case scenario it could lead to systemic havoc akin to the industrial paralysis and candle-lit evenings endured in the 1970s, something that no government or prime minister can survive.
“There is a wider gas supply crunch across Europe and the question of storage retention is becoming geostrategic,” Mr Large said. "In an extreme situation countries are going to be looking at the letter of the law to see if they can take unilateral action. The UK may have to take what comes.”
The UK has slashed its strategic gas storage to barely 1.7pc of annual demand by closing the Rough facility off the Yorkshire coast, subcontracting the costly task of storage to Germany and the Netherlands. Clive Moffatt, a gas consultant and former adviser to the Government on energy security, said: “It should be nearer 25pc